PRESS DIGEST-New York Times business news - March 28

Reuters2023-03-28

March 28 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. Commodity Futures Trading Commission (CFTC) sued Binance, the world's largest cryptocurrency exchange, and two of its senior executives on Monday, alleging that in wooing business from American investors, they had chosen to "knowingly disregard" laws governing certain U.S. financial markets.

- Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member David Risher taking on the top role as the ride-hailing firm struggles to keep up with bigger rival Uber .

- Regional U.S. lender First Citizens BancShares scooped up the assets of failed peer Silicon Valley Bank

, in a vote of confidence for the battered banking sector that prompted a rally in bank shares.

- Shawn Fain won the race for United Auto Workers president, narrowly defeating incumbent head Ray Curry in a shakeup for the Detroit-based labor union.

- Fox News Media of Fox Corp has fired producer Abby Grossberg who last week accused the network of discrimination and of coercing her into providing misleading testimony in a blockbuster defamation case.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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